Russia

Russia to begin importing petroleum products in July — Deputy PM Novak

TASS English · 2026-07-08

AI SUMMARY

• What happened: Russia will begin importing petroleum products in July to stabilize its fuel market, as announced by Deputy Prime Minister Alexander Novak during a government meeting. • Why it matters: This move is part of the government's efforts to address ongoing challenges in the domestic fuel market and ensure affordable prices for consumers. • What to watch next: Monitor developments regarding the countries Russia may engage with for fuel imports and any subsequent impacts on the domestic fuel market.

Russia to begin importing petroleum products in July — Deputy PM Novak The official noted that the government is taking measures to stabilize the situationMOSCOW, July 8. /TASS/. Russia will begin importing petroleum products in July to stabilize the country's fuel market, Deputy Prime Minister Alexander Novak announced at a meeting between President Vladimir Putin and the government. "In July, we will also begin importing petroleum products and increasing additional production volumes by sourcing petroleum products of lower environmental class," he said. Novak noted that the government is taking measures to stabilize the situation. As Kremlin Spokesman Dmitry Peskov stated on June 30, if agreements are reached on fuel imports at affordable prices, this will be another step toward stabilizing the market. However, he added that the Kremlin will not disclose which countries it is contacting regarding possible fuel imports. 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Source: TASS English
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